Ships Profit Taxation
Income derived from the international trade of Hong Kong registered ships is exempted from profits tax. HKSAR has also entered into double taxation relief agreements with 12 countries which include:
1.China 2.USA 3.United Kingdom 4.South Korea 5.New Zealand 6.Netherlands 7.Singapore 8.Belgium 9.Denmark 10.Sri Lanka 11.Norway 12.Germany
Read more about this topic: Ship Registration In Hong Kong
Famous quotes containing the words ships, profit and/or taxation:
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To whirl in tall buildings.
Allow them many ships at sea,
And on land, soldiers
And policemen.”
—Arna Bontemps (1902–1973)
“You taught me language, and my profit on’t
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For learning me your language!”
—William Shakespeare (1564–1616)
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—Andrew Jackson (1767–1845)